Specialty Lighting Market

Market Overview

The global specialty lighting market size was valued at USD 6.32 billion in 2021, and is projected to reach USD 11.75 billion by 2030, registering a CAGR of 7.13% from 2022 to 2030

Speciality lighting is designed with particular shapes, bases, designs, and other built-in qualities to accomplish specialised lighting duties. In cases where ordinary lighting is inadequate due to size or function, speciality lighting is employed. Several industries utilise customised lighting, including healthcare, retail, commerce, and entertainment. Various light sources, including incandescent, halogen, xenon, and LED, are available for customised lighting. These bulbs and lamps are constructed with a particular shape, base design, and built-in features to perform specific lighting tasks, such as water disinfection, surgical suites, endoscopy procedures, dental procedures, and follow spot lightings, among others.

The demand for specialised lighting is growing as the number of concerts and athletic events increases. An estimated 800 music festivals are held annually in the United States, attracting approximately one million participants. Aside from the United States, Japan, India, South Korea, Canada, Germany, France, Italy, and the United Kingdom are the most popular countries for music concerts. As a result, the beginning of these vast events supports speciality lighting vendors in generating substantial income annually. In addition to increased demand from television series production firms, opera sets, and the film industry, the market is expanding. Innovations in technology, such as the Internet of Things (IoT) and smart lighting solutions, are also anticipated to expand the market. The app-connected smart light is often used in clubs and events. However, the increased installation cost of modern lighting options hinders their wider adoption.

Market Dynamics

Global Specialty Lighting Market Drivers

• Special requirements and the necessity for heightened illumination

The demand for increased illumination in the medical, entertainment, and other industries is driving market expansion. The primary growth driver is UV lamps for surface, air, and water disinfection. In addition, a rise in the number of worldwide events, such as music concerts, and the expansion of the entertainment business are boosting the demand for specialised lighting solutions. The development of events such as music tours and sporting tournaments increases the demand for specialised lighting. Over 800 music festivals are held annually in the United States, attracting nearly one million attendees. Japan, India, South Korea, Canada, Germany, France, Italy, and the United Kingdom are among the most popular countries for music concerts outside the United States. Therefore, the beginning of these significant events aids speciality lighting vendors in producing substantial income annually. Increasing demand from television series production companies, opera productions, and the film sector contributes to market expansion.

• Adoption of LED Lighting

LED lights are immune to vibrations and resistant to damage, whereas traditional lighting is made of glass, making it subject to breaking. LED lights are installed on a circuit board and connected with soldered leads. Because of this, LED lights have a longer lifespan than traditional lights. LED lighting fixtures produce brighter, higher-quality light, which improves visibility. As a result of the enhanced visibility afforded by LED lighting, there is a quality improvement. The newer generation of LED lighting is more adaptable due to spectrum-tuning qualities that permit alterations in the nature and quality of light for various occasions. LED lights of the highest quality are 100 % flicker-free and are utilised for flicker-free recording of events, as well as HD and live-to-film.

Global Specialty Lighting Market Restraints

• Initial high Implementation cost

The initial cost of lighting deployment is high, which translates into a substantial upfront capital investment along with ongoing support and maintenance costs, making it challenging for small to medium-sized entertainment and healthcare businesses. Small to medium-sized entertainment and healthcare businesses Because of this, the expenses of buying capital goods and paying support workers to carry out necessary maintenance and upgrades are elevated to higher levels. As a result, the market expansion is being hampered by the relatively high cost of implementation.

Global Specialty Lighting Market Opportunities

• Technological advancements

It is anticipated that technological advances, such as IoT and smart lighting solutions would also help market expansion. The app-connected smart light is frequently used at clubs and events. The market for light-emitting diodes (LEDs) is increasing momentum globally. Traditional lighting is covered in glass, rendering it susceptible to breakage, whereas LED lighting is impervious to breakage and vibrations. As a result of soldering and mounting LED lights on a circuit board, LED lights have a longer lifespan than traditional lights. By creating brighter, higher-quality light, LED lighting enhances visibility. The overall quality improves due to the improved visibility given by LED illumination. As a result of its spectrum-tuning capabilities, the new generation of LED lighting is more adaptable, allowing for alterations in the type and quality of light for various settings. High-quality LED lights that do not flicker are utilised for clear event videography. These lights are used for live and HD video production.

Regional Analysis

In 2021, North America led the market with a share of over 35 % and was anticipated to continue to do so throughout the forecast period. The expansion is attributable to big lighting firms that provide services for various industries, including horticulture, entertainment, water treatment, medicine, seaports, and aquariums. In addition, the region's fast-increasing end-use industries, such as the entertainment industry, are also fueling product demand. A robust healthcare system in the United States and Canada also contributes to the rise in demand for surgical and examination lighting.

Asia-Pacific is expected to have the highest CAGR throughout the forecast period due to the increasing use of speciality lighting across many sectors. As a result of ongoing demand, the entertainment business in India is one of the most dominating and highly preferred industries among market vendors. China and Japan's healthcare industries also contribute to the regional market expansion. Moreover, extensive utilisation at the harbour to illuminate the area and improve nighttime safety and productivity contributes to market expansion.

Segmental Analysis

In 2021, the LED lighting segment held a market share of almost 65 %. The advent of LED lights over incandescent and halogen bulbs has stimulated market growth due to their longer lifespan, lower heat output, and lower cost. LED lights have taken over every aspect of lighting, including smart, decorative, speciality, and architectural lighting. They are more adaptable and practical for diverse fixture designs that provide colour and pattern. LED is becoming increasingly popular in speciality lighting due to its ability to create lightweight fixtures. The longer shelf life is another significant element driving the widespread use of LED specialised lighting. When utilised for a lengthy period, halogen and incandescent lights are susceptible to shattering and fusing, however, LED lights do not shatter due to the more petite glass frame installed within the fixture. Additionally, they require less electricity than conventional lighting.

In 2021, the entertainment segment held a significant market share of over 42 %. It will maintain its dominance over the next several years, as the entire industry relies on numerous types of cinematography and photography lighting, such as fill lighting, backlighting, practical light, harsh & soft lighting, bounce lighting, and ambient light, to generate the necessary effects. The film industry, including Hollywood and Bollywood, contributes significantly to category expansion. In addition, the film business holds several award ceremonies and events with specialised lighting, contributing to its continued expansion. The purification segment is projected to have the most incredible CAGR throughout the projection period, at 7.9%. The expansion can be ascribed to the use of UV lights for cleansing water, air, and surfaces. The worldwide demand for water purification has increased due to the depletion of water supplies and wastewater recycling. In addition, air filtration is essential in pharmaceutical and testing laboratories to prevent extraneous particles into medicines or samples. Purifying the surface is necessary for disinfecting the area or avoiding the growth of microorganisms. UV-CLEAN, a no-touch technology with a very deadly wavelength for killing bacteria, employs UV-C rays to inactivate microorganisms at the genetic level utilising an automated disinfection system. Consequently, the use of UV lighting for purification or disinfection of spaces is anticipated to contribute to the segment's expansion.

In 2021, surgical lighting became the largest sector, accounting for almost 53 % of the global market share. Speciality lighting is essential for enhancing visibility during medical procedures in the medical industry. The technical and operational standard for examination and surgical lighting calls for colour renderings between 85 CRI and 100 CRI and a colour temperature between 3,000K and 6,500K. While the illumination of 1,000lx is sufficient for examination lighting needs, surgical lighting must provide between 40,000 and 160,000 lux of illumination. The demand for surgical lighting has increased alongside advanced operative equipment to reduce surgical mortality. Additionally, the introduction of LED lights has enhanced the dependability of surgical lighting. The examination lighting market is anticipated to have the highest CAGR between 2022 and 2030, owing to increased product demand. Dedicated examination illumination aids the examiner or physician avoid any mishaps while using the instrument, making it an integral element of the medical examination method, which is predicted to fuel market expansion.

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